(Vista Oil & Gas, 13.Feb.2019) — Vista Oil & Gas, S.A.B. de C.V., the first oil and gas exploration and production company listed on the Mexican Stock Exchange, completed the sale of 5.5 million series A shares and 5.0 million warrants to purchase series A shares for an aggregate amount of $55 million to Kensington Investments B.V., pursuant to a Forward Purchase Agreement and certain subscription commitment, which were originally announced by the company on April 4, 2018.
Kensington is a wholly owned subsidiary of Abu Dhabi Investment Council (ADIC), which is a sovereign wealth fund of the Government of the Emirate of Abu Dhabi in the United Arab Emirates.
After giving effect to these sales, Vista has:
- 75,909,315 series A shares outstanding, which represent the variable portion of Vista’s capital stock, all of which are registered with the Mexican National Securities Registry (Registro Nacional de Valores) and listed on the Mexican Stock Exchange;
- 2 series C shares outstanding, which represent the fixed portion of Vista’s capital stock, all of which are registered with the Mexican National Securities Registry and listed on the Mexican Stock Exchange; and
- 99,680,000 warrants to purchase series A shares outstanding, which exercise period commenced on August 15, 2018, three of which may be exercised to purchase one series A share at a price of $11.50 per share.
Pursuant to article 109 of the Mexican Securities Market Law (Ley del Mercado de Valores) and article 49 Bis 1 of the General rules applicable to issuers and other participants of the securities market (Disposiciones de carácter general aplicables a las emisoras de valores y a otros participantes del mercado de valores), we inform our investors that, as a result of such acquisition, as of this date, Kensington owns a total of 12,500,000 series A shares, which represent approximately 16.47% of the outstanding capital stock of the Company, and 10 million warrants to purchase series A shares, which represent approximately 10.03% of the outstanding warrants issued by the company.
Kensington informed Vista that, as of the date hereof, it has no intention to acquire a “significant influence” (as such term is defined in the Mexican Securities Market Law) in the company.
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